A prominent crypto exchange platform is listing a new memecoin just days after billionaire Elon Musk mentioned it in a tweet and sent it skyrocketing.
In a new announcement, Singapore-based digital assets exchange Crypto.com says that it’s now listing Milady (LADYS), the meme asset associated with the Milady Maker non-fungible token (NFT) collection, on its app.
“Milady Meme Coin (LADYS) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins…
Crypto.com App users can now purchase LADYS at true cost with USD, EUR, GBP, and 20+ fiat currencies.”
LADYS, which made its debut in the markets earlier this month, saw a staggering increase of over 2000% this week after Tesla CEO and business magnate Musk tweeted about it.
Previously, data from blockchain tracking platform Lookonchain found that a mysterious crypto wallet that was created just one hour before Musk’s tweet about the meme asset netted a massive 2300% profit from trading Milady.
“We found a mysterious address.
Created one hour before Elon Musk tweeted about Milady.
Withdrew 25 [Ethereum] ($45,362) from Binance and bought 8 trillion LADYS at $0.000000005652.
No other transactions. Is it a coincidence?”
However, LADYS has heavily retraced from its peak as its trading for $0.00000005732 at time of writing, a 57.22% decrease during the last 24 hours. At the time it was sold by the crypto wallet, it was moving for $0.000000135961.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sergey Nivens/REDPIXEL.PL
